Lease without Purchase?

Discussion in 'Lease Purchase Trucking Forum' started by 8-j, Nov 24, 2013.

  1. cinderpop

    cinderpop Bobtail Member

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    Would you happen to have an ad for that walk away lease or know where I can find one tod
    I know. I started with Eagle moved over to Celadon was there when they left us stranded, and now they are trying to say they were not walk away leases. NO JOKE! They are threatening to sue me.
     
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  3. cinderpop

    cinderpop Bobtail Member

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    Actually they went out of business for fraud and many other things such as finance reporting to the SEC.
     
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  4. Opus

    Opus Road Train Member

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    fraud of their lease program.
    The SEC complaint says the fraud began when Celadon directed its then-wholly owned subsidiary, Quality Cos., to sell its idle trucks.
    Two Former Celadon Executives Charged in Fraud Scheme
     
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  5. cinderpop

    cinderpop Bobtail Member

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    It was fraud on the worth of the Company that's why the SEC was in involved.
     
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  6. cinderpop

    cinderpop Bobtail Member

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    The former Celadon executives were charged with one count each of conspiracy to commit wire fraud, bank fraud and securities fraud; five counts of wire fraud; two counts of securities fraud; one count of conspiracy to make false statements to a public company’s accountants and to falsify books, records and accounts of a public company; and one count of making false statements to a public company’s accountants.
     
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  7. Opus

    Opus Road Train Member

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    gotcha.
     
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  8. cinderpop

    cinderpop Bobtail Member

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    Actually, I don't really care why and how they went out of business. That was not my original question. I'd like to know if anyone knows where I can get a copy of an old ad they ran either on TruckersReport or in a Truckers Mag from 2015.
     
  9. The Crossword Trucker

    The Crossword Trucker Road Train Member

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    Wow, just wow
    They want to sue you for being a victim of fraud
    That just sucks
     
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  10. nredfor88

    nredfor88 Road Train Member

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    From a legal perspective, an ad won’t help you. Your lease contract is the binding document that will determine outcome of any suits.
     
  11. cinderpop

    cinderpop Bobtail Member

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    Actually, it will. It's called bait and switch. Plus the contract had to be with an approved carrier. Celadon which owned Quality even after they supposedly split went BK. So, if the lease is dependent upon the approved carrier and the letter of intent from Celadon, I'm good.
     
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